- Location
- Mumbai, Maharashtra, India
- Job type
- Full-time
Required skills
- accounting
- communication skills
- compliance
- key performance indicators
- SAP
About the role
CIRCOR International, Inc.
Website:
circor.com
Job details:
PRINCIPAL ACTIVITIES ACCOUNTS PAYABLE
- Processing vendor invoices (FI & MM) into the accounting system (SAP) from cockpit
- Verifying invoices in electronic scanning and documentation software (Read soft)
- Verify invoice details against purchase orders, contracts, and receipts
- Maintain vendor account statements, respond to vendor queries, and resolve disputes.
- Perform and monitor AP aging (and ensure overdue balances are addressed proactively), follow up on open GRNs, and raising timely workflows
- Maintain accurate AP ledger and support month-end closing activities.
- Support Intercompany reconciliation by sending out statements of accounts and clarifying differences
PRINCIPAL ACTIVITIES ACCOUNTS RECEIVABLE
- Support AR collection by following up proactively with customers on invoices which becomes overdue and track all the communications with the customer
- Co-ordination with Customers, Area sales managers, Customer services department and other various internal and external departments for timely payments
- Support AR ageing reporting, preparation of bad debts provision and any other adhoc reports
- Generate and send customer invoices and account statements.
- Monitor customer outstanding balances and track payments against due dates.
- Conduct proactive collection follow-ups through email and calls.
- Coordinate with Sales, Customer Service, and Business Teams for dispute resolution.
- Maintain AR aging report and escalate overdue accounts as per escalation matrix.
- Apply customer receipts and maintain clean AR ledgers ensuring no unallocated/uncleared items.
- Support with day-to-day work like cash application, verification of customer master data etc.
- Timely and Accurate Mailbox Management
Intercompany Reconciliation
- Record intercompany transactions and ensure correct accounting treatment.
- Coordinate with counterpart entities to match balances and resolve variances.
- Perform monthly / quarterly intercompany reconciliations and submit reconciliation statements.
- Investigate and resolve mismatches in timing, currency, tax treatment, and documentation.
- Ensure compliance with global accounting policies and audit requirements.
Documentation & Reporting
- Prepare regular MIS reports (AP Aging, AR Aging, Collections Status, Dispute Log).
- Maintain accurate records in SAP systems.
Key Performance Indicators (KPIs)
- On-time invoice processing and payment schedule compliance.
- DSO (Days Sales Outstanding) improvement and reduction in overdue receivables.
- Clean AP & AR ledger with minimal open/unreconciled items.
- On-time completion of intercompany reconciliation with zero unresolved variances.
Candidate Requirements
Knowledge Skills & Abilities
- At least 3-5 years of relevant experience in the fields of AR and/or AP
- Preferable SAP FI knowledge
- Fluency in English and preferably understanding German language but not necessary
- Delivers highly accurate accounting work with convincing level of efficiency
- Understands the importance of due dates very well and prioritize work accordingly
- Self-organized, persistent, reliable and self-motivated individual
- Proficiency with MS tools, especially Excel Skills ((VLOOKUP, Pivot Tables)
- Strong understanding of accounting principles (AP/AR/Intercompany Reconciliation)
- Good communication skills for vendor and customer and stakeholder interaction.
- Attention to detail, accuracy, and ability to meet deadlines
- Analytical mindset with problem-solving ability.
Education & Experience
- Well versed accounting professional, Graduate/ Postgraduate/ MBA preferably in Accounts or Commerce.
CIRCOR is an EEO Employer of Females / Minorities / Veterans / Individuals with Disabilities
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